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Successfully addressing global warming requires decisive actions and hinges on a 2?C-consistent reallocation of capital and financial flows. The implementation of adequate climate policies will be decisive to foster this process. The financial sector can play a complementary role to enhance the effectiveness of these policies, as the recognition of the risks and opportunities related to climate change contributes to this reallocation. Understanding the issues at play, the availability of data on the financial consequences of climate change as well as an appropriation of climate issues by the financial sector are key factors for risk management. Several policy measures have been implemented in this respect, particularly in France.
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